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A Heliocentric Journey into Germany's Great Depression

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Author Info

  • Mark Weder

    (University of Adelaide & CEPR)

Abstract

The paper finds empirical evidence on the ripple effect of sunspots on the interwar German economy. It identifies a sequence of negative shocks to expectations for the 1927 to 1932 period. The artificial economy predicts the 1928-1932 depression and a long boom from 1933 onwards. Overall, a tangible fraction of interwar output volatility is attributed to sunspots.

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File URL: http://128.118.178.162/eps/eh/papers/0510/0510002.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Economic History with number 0510002.

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Date of creation: 21 Oct 2005
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Handle: RePEc:wpa:wuwpeh:0510002

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Web page: http://128.118.178.162

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Keywords: Sunspots; Great Depression; Germany; Temin (1971);

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References

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Cited by:
  1. Weder, Mark, 2004. "A Heliocentric Journey into Germany's Great Depression," CEPR Discussion Papers 4191, C.E.P.R. Discussion Papers.

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